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Last Update: 10-Nov-11 11:12 ET
Kohl's Tops Third Quarter Earnings Expectations
Kohl's (KSS) reported third quarter earnings of $0.80 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.79.
Revenues rose 3.7% year/year to $4.38 billion versus the $4.4 billion consensus; comparable store sales to increase between 2-4%.
Gross margin as a percent of sales is expected to change between (10) and 10 bps.
For the fourth quarter, the company expects ro see earnings in the range of $1.93 to $2.04 versus the $1.94 Capital IQ Consensus Estimate; sees fourth quarter revenue growth of +4-6% year/year to approx. $6.28 to $6.40 billion versus the $6.28 bln Capital IQ Consensus Estimate.
Revenues rose 3.7% year/year to $4.38 billion versus the $4.4 billion consensus; comparable store sales to increase between 2-4%.
Gross margin as a percent of sales is expected to change between (10) and 10 bps.
For the fourth quarter, the company expects ro see earnings in the range of $1.93 to $2.04 versus the $1.94 Capital IQ Consensus Estimate; sees fourth quarter revenue growth of +4-6% year/year to approx. $6.28 to $6.40 billion versus the $6.28 bln Capital IQ Consensus Estimate.
